Connected Management Blog

Too often smaller condominium associations feel they can’t find proper property management in Chicago. That is not the case. Working with a specialist in smaller associations, such as Connected Management, can help you get where you need to be. We work with smaller Chicago condominium boards to help with all aspects of managing your community. We provide a wide range of property management services in Chicago. These include: Collection of Assessments - All association dues and special assessments will be collected from your owners on a monthly basis.Treatment of Delinquencies - When a unit owner becomes past due in the payment...

Several factors can affect the real estate market. A Chicago condominium management expert can help you identify these factors and determine how they affect your real estate property. Wondering what are these factors? Here are some of the most important ones. Mortgage Interest Rates When it comes to mortgage rates, lenders have the freedom to set their rates. However, the Federal Reserve monitors current economic data and periodically adjusts interest rates. These adjustments can significantly impact the cost of homes and determine whether someone can afford to buy one. When interest rates drop, it means that mortgage costs also decrease. This,...

Hiring a property manager can help save time, money, and stress. It will provide different solutions related to marketing, upkeep, finances, and regulations. You only need to interact with one manager instead of contacting multiple experts or companies. In most circumstances, Chicago property management actually ends up being less expensive. Since property managers have access to a network of contractors, it will be easier to find renters. Lower time is also one of the primary issues for property owners. You might want to handle both your primary work and the rental market if that is your secondary source of income. And...

Do you have various properties that you want to put on rent? If yes, you need a property manager to help you manage your properties. They'll take care of all the technicalities and other paperwork while you can sit back and focus on other things. However, hiring a property manager requires you to focus on different things to find the best one. That way, you don't have to look for another one in a short period. Let's discuss these factors in this article. Factors to Consider When Choosing a Property Manager Keeping these factors in mind will allow you to find...

The world of real estate is changing and expanding quickly, with more people investing in commercial and residential properties. In such expanding conditions, the challenges are multiplying for property managers as well, putting a lot of stress on their professionals. According to statistics, around 63% of U.S. citizens own real estate property. If you’re planning to become a part of Chicago property management, it’s necessary to keep the challenges that come with them in your mind. This article will list these challenges and how professionals should counter them. Challenges of Property Managers Property managers deal with different challenges in their profession...